Glossary
Invoice and contract audit terms.
Recovery audit
A recovery audit is a review of past payments to find money a company overpaid or was owed and never received.
Contract leakage
Contract leakage is the value a company loses when what it pays or bills does not match what its contracts say.
Invoice-to-contract audit
An invoice-to-contract audit checks each invoice against the contract that governs it, including its amendments and rate cards.
Three-way match
A three-way match compares an invoice with its purchase order and goods receipt before the invoice is paid.